Reiterates BUY Rating and Raises Price Target to $31.32 Following SMR Breakthrough and Favorable Policy DevelopmentsSINGAPORE, June 12, 2025 (GLOBE NEWSWIRE) -- SAIHEAT Limited (“SAIHEAT” or the “Company”) (NASDAQ: SAIH, SAITW), today announces that uSmart Securities has updated its coverage of the Company, reaffirming its BUY rating on SAIHEAT and raising the 12-month price target to $31.32, up from $25.87. This revision reflects significant advancements in the Company’s nuclear technology, supportive U.S. ...

Core Insights - BitFuFu Inc. reported a significant increase in Bitcoin production, achieving 400 BTC in May 2025, which represents a 91.4% month-over-month increase [2][7][8] - The company expanded its hashrate to a record level of 34.1 EH/s, marking a 20.5% month-over-month increase [7][8] - Total power capacity under management reached 651 MW, reflecting a 15.0% month-over-month increase [4][7][8] Bitcoin Holdings and Production - As of May 31, 2025, BitFuFu held 1,709 BTC, a decrease of 199 BTC from April 30, 2025, due to proactive treasury sales [8] - In May 2025, 357 BTC were mined by cloud-mining customers, while 43 BTC were produced through self-mining [8] Hashrate Overview - The majority of the added procured hashrate was generated from S21 series miners, with self-owned hashrate at 4.2 EH/s and hashrate from third-party suppliers and hosting customers at 29.9 EH/s [8] Power and Infrastructure - The total power capacity under management of 651 MW spans across five continents, indicating a robust global infrastructure [4][7] Mining Services - BitFuFu had 615,559 registered cloud mining users as of May 31, 2025, showcasing the company's strong market presence [5]

Group 1 - BitFuFu Inc. announces its sponsorship of Bitcoin 2025, the world's largest Bitcoin event, scheduled for May 27–29, 2025, in Las Vegas, Nevada [10] - The event is expected to attract over 30,000 attendees, 5,000 companies, and more than 400 speakers from around the globe, focusing on the future of Bitcoin [2] - Charley Brady, Vice President of Investor Relations at BitFuFu, will be a featured speaker discussing cloud mining, highlighting the company's commitment to making Bitcoin mining accessible [3][4] Group 2 - BitFuFu will showcase its latest global deployment strategy, one-stop mining services, and proprietary technologies at Booth 711 during the event [3] - The company aims to empower the global Bitcoin network through its industry-leading cloud mining platform and rapidly scaling data center infrastructure [5] - The sponsorship of Bitcoin 2025 aligns with BitFuFu's mission to promote efficient, transparent, and secure mining solutions [3]